Evertas, an insurance company focused on digital assets, recently announced an increase in coverage limits and the addition of mining operations to its coverage portfolio.
Evertas, a Chicago-based company, is one of only a handful of insurers focused on cryptocurrency and digital assets and,While most cryptocurrency exchanges cover losses to some degree, there are numerous situations where an account holder could lose access to their assets that can’t be tracked through account or on-chain activity.“Exchanges such as Binance and Coinbase claim to insure the digital funds of investors who are victims of theft.
The insurer’s per-policy coverage limits on custodial cryptoassets will increase to $420 million, “nearly tripling the amount of risk transfer previously available to blockchain focused projects,' according to an announcement.